Buying an Investment Property

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Buying an investment property

From planning for your retirement, to building your wealth or getting onto the property ladder, there's many reasons why investing in property is a good idea. Whether you're looking to buy your first investment property or you've purchased one before, we've got a range of investment property loans to suit your needs.

Tips for investing in property

Get professional advice

This will give you the financial confidence you need to avoid any costly mistakes.

Work out your income and expenses

Make sure you’ve considered how you can afford to cover your expenses and make your repayments if your investment property doesn't rent short term and long term.

Know where to buy

Look out for high growth areas and properties close to public transport, schools and local amenities.

Choose the right property

Unlike the house that you're living in, looking for a property with low maintenance and upkeep will help you save on ongoing maintenance fees. Also weigh up the costs of any repairs that need to be made to the property before you buy.

Choose the right investment property loan

Whether you intend to hold on to your investment property short term or long term, make sure the loan type you choose fits in with your investment loan strategy.

Step 1: Determine how much you can borrow

As an investor, typically your financial situation will be a little more complex. It’s probably best you work with your bank and financial advisor to fully understand your borrowing power and the right investment property loans for you.

Step 3: Choosing your investment property loan

Choosing the right investment property loan will help you make the most of your investment. Our home loans have a range of useful features to add flexibility to your home loan, from making interest only repayments to having a low interest rate.

Variable or fixed interest

Choose between the flexibility of a variable rate or the certainty of fixed loan repayments, or combine both options.

Interest only repayments

A great way to reduce your repayments and ensure they can be claimed as a tax deduction.

Line of credit facility

Useful for having funds available when you need it to make maintenance repairs and other expenses that may come up.

Redraw facility

The ability to draw on your funds in case you need it.

Flexible repayments

Schedule weekly, fortnightly or monthly repayments in line with your rental income.

Investor home loan interest rates

Compare interest rates using the comparison rate, which takes into account any ongoing fees which make up the overall cost of a loan.

Step 4: Buying your investment property

Once you've found the perfect investment property and you've agreed on a price with the seller, it's time to apply for a home loan. Why not have a chat to one of our home loan experts today to start the process? Typically applying for an investment home loan will entail:

Loan application - we’ll guide you on all the necessary information and documentation you need to complete your loan application

Loan approval - this is where we call you with the news you’ve been eagerly waiting for and prepare your loan contract

Loan settlement - the day you can really celebrate and we finalise the purchase of your investment property

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*Subject to accepting BOQ’s terms and conditions as amended from time to time. Detailed property information varies from property to property. Carrier fees and charges may apply.

BOQ's Clear Path Home Loan is available only for new home loans and is not available for refinance of existing BOQ facilities. Conditions, criteria and fees apply. Full terms and conditions are available online or at any BOQ branch. Interest rates quoted are indicative only, and are subject to change without notice.

^Comparison rates calculated on the basis of a loan of $150,000 for a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate for variable Interest Only loans are based on an initial 5 year Interest Only period. Comparison rates for fixed interest only loans are based on an initial Interest Only period equal in length to the fixed period. During an interest only period, your interest only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan. Information current as at 02/07/18.

5Limited time offers available for investment home loans received from 02/07/2018 available for new to bank lending only. Maximum LVR up to 80%. Not available for Interest Only lending. Not available for the refinance or restructure of existing BOQ loans, construction home loans or self-managed super fund loans. Minimum $150,000 new lending. The discount under this offer will continue to apply until you request us to vary your loan. Full terms and conditions available at any BOQ branch. BOQ standard credit assessment criteria apply.